added another gold mine today CGFIA mining sectors seem to be the best buys now, the green companys are haveing to much trouble getting off the ground
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walgreens in Pueblo CO has 2 on there selves in 3 stores
Aurelio Strengthens Board of Directors
LITTLETON, Colo.--(BUSINESS WIRE)--April 21, 2008 Aurelio Resource Corporation (OTCBB:AULO) (FWB:F3RA) is pleased to announce that Frank W. Vermeulen and Stephan B. Roes have been appointed to the Board of Directors.
Frank W. Vermeulen is currently:
-- a senior advisor to Credit Suisse Securities (Europe) Ltd, and
a member of its advisory board for Europe, the Middle East and
Africa, as well as a non-executive director of the Bank of
London & the Middle East, where he chairs the audit committee
and is also a member of the risk and nomination committees,
-- Deputy Chairman of the Supervisory Board of LeasePlan
Corporation N.V. (Netherlands), a multi-national car leasing
and fleet management company and bank which is 50% owned by
Volkswagen, 25% by the Olayan Group and 25% by Mubadala
Development Co. (an investment arm of the Abu Dhabi
government), and
-- an advisor to Olayan Financing Company, an international
manufacturing and investment company.
Mr. Vermeulen's experience includes:
-- approximately 15 years (most recently as CFO) with the with
Olayan Financing Company, one of the largest privately-owned
Saudi business groups,
-- a 20+ year banking career (mostly with ABN AMBRO in North
America, Europe and the Middle East), and
-- senior positions in the area of corporate banking, capital
markets, structured finance, private banking and security
brokerage.
Stephan B. Roes experience includes:
-- Vice President Sales EMEAI Benelux with Global Custodian ABN
AMRO Mellon GSS,
-- senior business consultant for Prime Fund Solutions at Fortis
Bank,
-- setting up the New York office for Amicorp Group, where be was
responsible for the development of various trust and
administration services,
-- setting up a new offshore fund administration company for
Amicorp Curacao, and
-- from 1991 to 1996, working for CITCO in Curacao, where he was
responsible for fund accounting, NAV calculations and
shareholders services for a group of institutional funds.
Aurelio's Chairman of the Board, David Stafford Johnson, stated that "We are honored to have these two experienced financial professionals join our Board of Directors. Frank and Stephan bring a wealth of international financial experience to Aurelio that will greatly assist us in financing the fast-track exploration and development of our Hill Copper-Zinc Project through feasibility and into production."
picked up some AMHD and DCFF both in the green did a flip in AMHD yesterday and returned for more today fills where fast.
looks like we could be getting ready to break out to the top.
Thanks for the post not what I like reading but hard hitting. A good neg post for those of us to deal with. Thanks again.
AURELIO RESOURCE CORPORATION ANNOUNCES
APPOINTMENT OF NEW CHIEF FINANCIAL OFFICER
LITTLETON, COLORADO, April 18, 2008 News Release #08-08
Aurelio Resource Corporation (OTCBB : AULO, Frankfurt : F3RA) is pleased to announce that Robert R. Gilmore has been appointed as Treasurer and Chief Financial Officer (CFO) of the Company. Mr. Gilmore succeeds Allan J. Marter, who has served as Interim CFO since late 2006.
Robert R. Gilmore is an independent financial consultant and Certified Public Accountant (CPA) with 35 years of experience in the financial and mining industries.
Currently Mr. Gilmore serves as a:
· Director and Audit Committee chairman for Eldorado Gold Corporation (AMEX : EGO), a company with operating mines in Brazil, China and Turkey; and as a
· Director and Audit Committee chairman for Fronterra Copper Corp (TSX : FCC), which produces approximately 70 million pounds of copper cathode annually from the Piedras Verdes SX/EW copper mine in Sonora, Mexico, and as a
· Director and Audit Committee chairman for Global Med Technologies.
Previously Mr. Gilmore served as:
· Treasurer of Barringer Resources;
· CFO of U.S. Gold Corporation;
· CFO of Dakota Mining Corporation; and,
· a Director of several other publicly-traded, operating mining companies in the United States and Canada.
Mr. Gilmore is a Certified Public Accountant, a former employee of Coopers & Lybrand (now PriceWaterhouseCoopers LLC), and a Member of the Colorado Society of Certified Public Accountants and the American Institute of CPAs. He holds a Bachelor of Science degree in Business Administration, Accounting from the University of Denver
"We are very pleased that Robby has chosen to join the Aurelio team" said Steve Doppler, President & CEO. "Robby's extensive experience with a wide variety of mining companies will enable him to make a significant contribution to Aurelio as we move forward with development of our wholly-owned Hill Copper-Zinc Project in Arizona. At the same time, we would like to express our sincere appreciation to Allan Marter for his valuable contributions to Aurelio over the past 18 months. Although Allan is also stepping down as a Director of Aurelio, I am pleased to say that he has agreed to remain involved with us on a consulting basis, and we look forward to his continued participation in an advisory and strategic planning capacity."
About the Company
Aurelio Resource Corporation is a mineral exploration company focused on fast-track development of its wholly-owned Hill Copper-Zinc Project, which the Company believes contains a number of low-cost, bulk-tonnage, open-pit-mineable deposits close to surface containing significant amounts of copper, zinc, silver and gold. The Company has previously announced an independent estimate of the mineralized material at the MAN Area of the Project totaling 63.8 million tons at an average grade of 0.56% copper-equivalent. Aurelio has also acquired the rights to explore, and an option to purchase, the Gavilanes gold porphyry deposit in Durango, Mexico.
On behalf of the Board of Directors of Aurelio Resource Corporation
Contacts:
Stephen Doppler Diane Dudley
President & CEO Investor Relations
303-795-3030 303-945-7273 (direct)
800-803-1371 303-945-7270 (fax)
For additional information, please visit our website (www.AurelioResource.com) and/or send an email to DianeD@AurelioResource.com.
Brian whats your thought on this one today? watching it I havent picked any up yet. getting reeady maybe. AMHD
"The Melman Report" Features Silverado Gold Mines Ltd. / Silverado Green Fuel Inc.
"The Melman Report" is an independent, objective and expert, third party review of Silverado Gold Mines Ltd. (www.silverado.com), and its wholly owned subsidiary, Silverado Green Fuel Inc. (www.silveradogreenfuel.com), Trading Symbols OTC BB : SLGLF, Frankfurt : SLGL.
(April 16, 2008) Silverado is a particularly intriguing company in the North American junior mining industry. What makes it unusual is that it has managed to endure throughout the past several decades despite the prolonged downturn in metals prices which lasted from late 1980 through 2002 - a period of more than twenty years.
Throughout that period, Silverado's mainstay has been their gold mining projects in history-rich Alaska, namely Nolan, Ester Dome and Eagle Creek. Nolan remains the most important property in Silverado's mining inventory with a history of placer production going back more than two decades.
Silverado (www.silverado.com) recently completed an NI 43-101 compliant Technical Report produced by Thomas K. Bundtzen, President, Pacific Rim Geological Consulting, Inc. of Fairbanks, Alaska. The report reviewed Silverado's exploration and gold production activities for 2007 and also noted that from 1981-2003 Silverado produced a total of 18,491 ounces of placer gold and, after resuming operations in 2005, an additional 4,000 plus ounces have been recovered since. Of particular interest are the exploration efforts by Silverado to identify both additional placer mining resources as well as the source of the placer gold at the Nolan property. During 2007, the company conducted extensive core drilling for both purposes.
In addition, Silverado also plans to enter the $200 million per year antimony market by developing antimony resources at their Eagle Creek property and, as conditions permit, resume exploration and development at their 100% owned Ester Dome Gold Project. (All prices quoted in US$ unless otherwise noted.)
In addition to its mining activities, Silverado is also involved in developing its subsidiary company, Silverado Green Fuel Inc. www.silveradogreenfuel.com As noted in company literature, Silverado, "...is working on the development of an environmentally friendly substitute produced from low-grade coal." The fuel is referred to as "Low-Rank Coal-Water Fuel" (or "Green Fuel") and is designed to be used in oil-designated boilers and advanced combustion and gasification systems.
The benefits to society could be considerable as successful production of Green Fuel from abundant low-grade coal reserves would reduce the requirement for imported conventional petroleum fuels. In addition, Green Fuel is designed to be low in pollutants.
At the end of March, 2008, Silverado issued a press release noting, "... Silverado Green Fuel is very much a Silverado - Mississippi team effort" and plans are being developed to go forward with placing a large scale commercial plant into operation. Since there are a significant number of low-rank coal deposits in America and Canada, the potential exists for several plants to be developed near these various sites.
The economics of Green Fuel are intriguing because engineers estimate that it can be produced for a total cost of about US$20.00 per barrel, compared to the world market price for Crude Oil which is quoted at just above US$110 per barrel as of early April, 2008. Feasibility studies have now been contracted out at the University of Alaska and the company will report additional developments as they occur.
Silverado is an interesting investment play for risk-tolerant investors on a risk-reward basis. With the company shares presently trading near $0.05, that is the entire identifiable risk for new positions. On the reward side, should Silverado succeed in producing gold at a rate of approximately 100,000 ounces per year within the next few years, which appears to be possible given their current placer operations, exploration work and reserves indicated in the Bundtzen Report, and if costs can be held to the area of $500 per ounce, this would mean development of approximately $40,000,000 earnings per year (based on gold holding near or above its current price of $900+ per ounce) - or about four to five cents per share, considering the present outstanding share number of approximately 900,000,000.
Granted, several projections would have to fall into place in order for Silverado to accomplish those goals. However, given typical market valuation of 10 to 20 times earnings for mining shares, should Silverado 'pull it off', then the shares would have the potential to move to the region of 40 cents to 80 cents ($0.40 - $0.80) - or a multiple of eight to sixteen times the current price.
Also, although it is difficult to place a valuation on the Green Fuel portion of Silverado's future, the economics of that venture could add substantially to their potential valuation, again acknowledging that several factors such as technical studies, financing and cooperation from Mississippi State authorities must likewise fall into place before genuine economic returns can be accomplished.
One last note: Silverado has initiated a program to introduce the company's shares to the vast Chinese investment community in order to attract significant numbers of new investors. We believe that could also turn out to be an important plus for the shares.
Leonard Melman, and 'The Melman Report'
Leonard Melman is a leading metal exploration, mining and investment authority, and has been writing regarding precious and base metals for more than two decades as monthly columnist for California-based "ICMJ's Prospecting and Mining Journal" and Vancouver's "Resource World Magazine". Mr. Melman is a speaker at the prestigious Cambridge House Conferences, and has also contributed commentary and corporate studies to other publications including "Resource Stock Investor" and "World Mining Stocks" of London, England. He has visited and reported on mining operations on four continents and his articles appear on numerous mining websites. He is presently working on his first book "The Eight Pillars of Gold". Mr. Melman has gained valuable knowledge and experience in previous careers as manager of multi-million dollar consumer lending operations and as a securities and commodity broker.
This material is taken from sources believed to be reliable and is provided for information purposes only. Any investment decision should be made only after prior consultation with investment professionals. Mr. Melman is a financial and political writer who focuses on issues relating to the resource sector
added you to my favs lets see how you do good trading to you
I wouldn't touch one until they get the tree hugger off the board, its set here when they put the guy name out there
I might buy at .06 t0.07 fil the gap
thanks DOS that is one of the new ways to cap.CO I hope that we can keep moveing foward on this kind of tech. and we don't regress because of a slow down world wide. great info I hope that I can be a part in it all. Good trading to you.
Go SLGLF
you are right about it being a band aid. gas prices are bad now and are going to get even worse we are in a ression if it turns into a global ression things are going to change so much that we may not even be a free country any more. alot will depend on how we take our leaders to task and become very active in how our govt reacts to change. very interesting times coal to fuel will be very inportent sooner than we may be ready to go. SLGLF should have a leading roll in this coal to fuel, or they could get blown out by a company that pulls it off faster than what they are moveing. there is a lot out there info wise on coal. Good trading to you!
Repeal sought for ban on U.S. Govt. use of CTL, oil shale, tar sands-generated fuel
A five-month old ban on the use of coal-based fuels, CTL, oil shale and tar sands by U.S. government agencies-has upset the U.S. Air Force, the Canadian Government, and members of Congress now seeking its repeal.
Author: Dorothy Kosich
Posted: Friday , 11 Apr 2008
RENO, NV -
Two Texas congressmen Thursday introduced legislation to repeal section 526 of the Energy Independence and Security Act of 2007 (EISA), which prohibits federal agencies from contracting to buy coal-based fuels, and fuels from coal-to-liquids, oil shale and tar sands.
The U.S. Air Force and the Canadian government are both pushing for an exception to section 526, which was placed in EISA by Rep. Henry Waxman, D-California, who is also the Chairman of the U.S. House Committee on Oversight and Government Reform.
In a letter to Senate Committee on Energy and Natural Resources Chairman Jeff Bingaman, D-New Mexico, Waxman said his provision "ensures that federal agencies are not spending taxpayer dollars on new fuel sources that will exacerbate global warming. It was included in the legislation in response to proposals under consideration by the Air Force to develop coal-to-liquids fuels. As you may know, coal-to-liquid fuels are estimated to produce almost double the greenhouse gas emissions of the comparable conventional fuel."
In their joint press release Thursday, Congressmen Jeb Hensarling and Mike Conaway, both R-Texas, said, "Though short, this section-which raises concerns over national security, economic security, and bureaucratic uncertainty-has powerful and harmful implications and needs to be repealed immediately."
'Section 526 was added to the 2007 Energy bill largely to stifle the Defense Department's plans to buy coal-based jet fuels, which radical environmentalists contend will ultimately produce more greenhouse gas emissions than would traditional petroleum-a contention that is uncertain at best and does not consider ongoing improvements in carbon-capture technologies," they asserted. "The Air Force is interested in procuring unconventional fuels over the long-term as a way to reduce its reliance on fuels from unfriendly or unstable countries and increasing its use of fuels from North America."
The congressmen noted that CTL, oil shale and tar sands are all abundant in the U.S. and Canada. Meanwhile, they also explained that the Air Force is seeking to spark the development of a domestic coal-based synthetic fuel industry through long-term fuel contracts with coal-based fuel producers.
The Air Force plans to fly half of all stateside missions on synth-fuel by 2016.
Canada is currently the largest U.S. oil supplier with about half of Canadian crude derived from oil sands, with sands production predicted to reach about 3 million barrels per day in 2015. As The Economist recently noted, "the 174 billion barrels of proven reserves in the oil sands of Alberta provide a powerful ace up their sleeves in any dealings with their energy-hungry neighbor. That belief has now been shaken by an American law that appears to prohibit American government agencies from buying crude produced in the oil sands of the western province."
The congressmen said that "Section 526 could choke this flow of fuel from one of our nation's most reliable allies and economic partners."
In a February 2008 letter to Robert Gates, U.S. Secretary of Defense, Michael Wilson, Canada's Ambassador to the U.S., explained that "U.S. firms are among the largest investors, producers, and new technology developers in the oil sands, to the benefit of both our countries. ...With announced investments, oil sands production is projected to grow from the present 1.4 mbd to 3 mbd by 2012. Most of this new production is destined for the U.S. markets."
Wilson noted that Canada does not consider the oil extracted from oil sands as alternative fuel. Oil stands petroleum represents roughly 5% of U.S. oil supply and is not segregated from other petroleum.
Applying Section 526 prohibitions to all commercially available fuel made in part of non-convention petroleum could exclude all commercially available fuel on the U.S. market from being eligible for purchase by the U.S. government, Wilson claimed. "The U.S. government would be seen as preferring offshore crude from other countries over fuel made in part from U.S. and Canadian sources. Further, the U.S. Government would be contradicting other state goals to encourage greater biofuel use and Canadian oil sands production."
"Not only could Section 526 result in increased fuel costs for our military, it severely restricts the Pentagon's ability to get fuels from our strongest allies, putting our national and economic security at risk by forcing increased petroleum at risk by forcing increased petroleum importation from unstable or even dangerous countries," Hensarling said. "At a time when American forces are combating terrorists abroad, it is especially necessary for the Pentagon to have the versatility to secure and develop alternative sources of fuel."
http://www.mineweb.com/mineweb/view/mineweb/en/page38?oid=50551&sn=Detail
where to from here a retest of the .90?
Good one on SRSR I'm long and in for the ride!
http://www.microcapopportunity.com/report/SRSR/1
they have been quite on the ctl latly and talking up the gold that the resullts have been real good to find where the placer gold is coming from. more on the ctl plant would be good to hear about. I did not see your post as bashing though just neg and that is good info for those buying or selling.
Thank you that is a good neg, not what I like to see I sent it to SLGLF for a response from them. Neg post are welcome here as long as its valid and that one is. They did have a ground braking for ctl plant and a number of govt. people speak about it, maybe we are all being duped. we shall see,
good trading to you!!
I wonder if SLGLF will attend I did not see there name on the list. It would be nice to be able to attend. maybe something good will come out of this. thanks for the post
Shares
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239.900 Market Cap
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331.062 Float
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121.048 Return on
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Jade Art Group to Present at the Brean Murray Carret Fourth Investor Tour of China on April 2, 2008
Monday March 31, 6:39 pm ET
NEW YORK & JIANGXI, China--(BUSINESS WIRE)--Jade Art Group Inc. (OTCBB: JADG - News), a seller and distributor of raw jade sourced from the SheTai Jade mine in China, today announced that it will present at the Brean Murray Carret Fourth Investor Tour of China conference on Wednesday, April 2, 2008 at the Marco Polo Shenzhen Hotel in Shenzhen, China.
ADVERTISEMENT
Jade Art Group will present its business overview including current sales agreements, competitive strengths, and key growth strategies in the Shanghai Boardroom from 11:15 a.m. to 11:55 a.m. local time. Mr. Chenqing Luo, Secretary of the Board and CFO, will be available to answer investor questions after the presentation and at one-on-one meetings.
The Brean Murray Carret Fourth Investor Tour of Mainland China is a five-day event featuring presentations from over 50 companies located in Beijing, Shenzhen, Shanghai, and other cities across a broad range of sectors including media, healthcare, technology, alternative energy, education, travel and lodging, agriculture and industrials.
For more information about the conference, please visit: www.breanmurraycarret.com.
About Jade Art Group Inc.
Jade Art Group Inc., through its wholly owned subsidiary, Jiangxi SheTai Jade Industrial Co., Ltd., sells and distributes raw jade ranging in uses from decorative construction material to high-end jewelry sourced from the SheTai Jade mine in China. This mine has one of the largest jade reserves in China and is owned by XiKai, with which Jade Art Group signed an agreement to acquire exclusive distribution rights to sell 90% of the SheTai Jade produced from the mine for the next 50 years. Several national jade experts have noted the perceived superiority of SheTai Jade as compared to the other existing varieties of Chinese jade.
For more information, please visit: www.jadeartgroupinc.com
Contact:
Jade Art Group Inc.
Kevin McEnery, 646-200-6302
Managing Director - Finance
kevin@jadeartgroupinc.com
or
Wanru Zhao, 646-200-6328
Vice President
wzhao@jadeartgroupinc.com
or
Winning IR Company, Ltd.
Darren Minton, 212-823-0523
darren.minton@winningir.com
--------------------------------------------------------------------------------
Source: Jade Art Group Inc.
Silverado Green Fuel / Mississippi Commercial Plant Decision
Timely to Meet Growing U.S. Demand for
Domestic Energy Supply and Self - Sufficiency
(March 31, 2008, Vancouver, Canada) Silverado Green Fuel Inc. (Subsidiary of Silverado Gold Mines Ltd. - Trading Symbols - OTC BB - SLGLF, FRANKFURT - SLGL) : - The U.S. military, eager to establish a high degree of energy self-sufficiency, has announced that it is considering coal-to-liquid fuel ('CTLF') facilities to be built on their bases. Further, major energy producers are turning towards CTLF as part of the country's energy-delivery solution. It is worth reiterating that this positions Silverado Green Fuel Inc. at the forefront of one of the U.S.'s highest priorities, namely domestic energy supply and security.
With continued unrest and recent insurgency-related incidents against Middle East oil installations and pipelines, causing cutbacks in oil transportation and production, oil prices surged up nearly $5 leading up to March 28th. That also came after a U.S. government report showed declines in domestic fuel stocks as the nation's refineries slowed to their lowest pace since 2005.
Silverado and Mississippi Going Forward, Together
"Silverado Green Fuel is very much a Silverado-Mississippi team effort." stated Garry L. Anselmo, Silverado President and CEO. "There have been discussions between our own Technology, Engineering and Management Team and the State of Mississippi, and we are of one mind to go forward with planning for a larger scale commercial plant. Silverado Green Fuel Inc. is now being demand driven."
Originally planned as a 'Demonstration Plant', technical and engineering work is underway to scale-up the plans for the proposed facility to a full size 'Green Fuel Commercial Plant'. The Technical / Development Plan in progress will identify costs, budgets, and technical issues. Based on utilizing Mississippi lignite, Silverado will generate a step-by-step 'Silverado Green Fuel Facility Design and Implementation Action Plan'.
In the United States, low rank coal represents centuries of domestic energy resources, and is currently a highly under-utilized resource. U.S. Presidential Candidates have expressed their interest in, and support for clean coal technology and alternate fuel sources.
Silverado Funds Initial Mississippi Lignite Evaluation and Feasibility Study
Considerable hydrothermal treatment research has already been done with numerous Low Rank Coals from around the world. However, understanding the unique properties of Mississippi lignite is critical in fine tuning the commercial production of Green Fuel. Consequently, Silverado is providing a $150,000 grant to the Mineral Industry Research Lab, University of Alaska (Fairbanks), to use their expertise and unique mini-reactor apparatus to develop this data.
In addition, Great Northern Engineering of Palmer, Alaska, which has provided technical and engineering guidance during technology development, has been awarded a contract for $21,500 to assist with the initial commercial feasibility study.
The work being carried out at the University of Alaska, and at Great Northern Engineering, will be integrated into the 'Silverado Green Fuel Facility Design and Implementation Action Plan'.
Crude Oil is Over $107/Barrel (March 28/08), Many Times the Cost of Silverado Green Fuel!
Despite escalating costs for equipment and materials caused by runaway fuel costs, Silverado estimates that its Green Fuel can be produced commercially for under $20 per barrel, on an oil equivalent energy basis. Costs are coal and site specific. Given that Green Fuel costs will be only a fraction of oil prices, profit margins are expected to be significant.
Silverado Green Fuel will be commercially produced virtually emission free in respect to particulate matter, sulfur, and heavy metals. CO2 generated during production can be recovered efficiently and sold, for enhanced oil recovery.
Green Fuel can be used to power oil-fired power plants and industrial boilers. It is also a good feedstock for some advanced gasifiers to produce synthesis gas, which can be fired in turbines to generate power in IGCC plants and catalytically reacted to yield transportation fuels, petrochemicals and fertilizers. Synthesis gas can be further processed to yield only hydrogen, the only feedstock that truly does not produce any CO2 when combusted or reacted in fuel cells.
Contact Information - Silverado Gold Mines Ltd.
well if nite is biding that high they are going to sell it off later
can you put a price chart into your I hub box I ve still got a eye on this one
good site on minerals thanks
300,000 TONNE SHORTAGE
Copper concentrate shortages developing as mine output falls
Delays in bringing new mines on stream and reduced production due to working lower grades is contributing to a shortage of copper concentrates which may take longer to meet demand than previously anticipated
Author: Anna Stablum
Posted: Thursday , 27 Mar 2008
LONDON (Reuters) -
Copper smelter margins have fallen as a result of excess processing capacity and a lack of mine output and they could fall further as ore supplies tighten.
Smelters are struggling around the world, with low smelting fees paid by the miners to turn ore into metal, and the shortage of raw material is expected to persist, industry sources say.
"The circumstances will not change in favour of smelters ... If it changes it would be rather for the worst than for the better," Javier Targhetta, president of Spain's Atlantic Copper, owned by Freeport McMoRan Copper & Gold, told Reuters this week.
Mine production has not increased sufficiently during the past few years and many new projects coming on stream show lower ore grades, which generally make mining more expensive.
"Costs are rising, adding to the risk of project delays so instead of a concentrate market in balance by 2010-2011, the market could be balanced first in 2011-2012," another European producer said.
Analyst Christine Meilton at metal consultancy CRU said the concentrate deficit came in at around 300,000 tonnes in 2007.
"Most (smelter) requirements are covered by long-term contracts so they will get the tonnes -- it will be expensive -- but they will get the material," Meilton said.
European, Japanese and Korean smelters are expected to be well covered in terms of tonnage and some traders said this indicated the situation was less severe than many had forecast.
"All the smelters are still running at full speed ... the market is not as short as people thought," a trader said.
But a scarcity of feed is likely to get worse in the second half of this year, forcing production cutbacks.
"A lot of smelter maintenance is programmed for the first half of the year so that will ease the market," Meilton said.
CRU forecasts a shortfall in mine supply of 340,000 tonnes in 2008 and after smelter cutbacks the concentrate market could face a deficit of 50,000 tonnes to 60,000 tonnes.
The smelter cutbacks are mainly seen in China, where capacity expansion plans will be delayed due to a lack of feed.
"A number have shut down in the last few years and there will be more," Targhetta said, adding some 200,000 tonnes of China capacity could disappear in the next few years. CRU's Meilton expected further smelter cutbacks in 2009 as mine supplies continued to fall short.
MINE OUTPUT FALLING
Output fell at Chile's state-owned firm Codelco, the biggest copper miner in the world, in 2007.
"This is the third successive year Codelco has reported decreased output and 2008 does not appear to be getting much better," a recent Fortis Bank report said.
Codelco expects a drop of around 6.3 percent in 2008 from 2007, but predicts a rebound in 2009 and 2010.
On Thursday, Newmont Mining Corp. said output from its Indonesian unit may fall in 2008 due to lower ore grades.
Such news intensifies the battle among smelters for feed.
"The spot sales that we have made show an enormous appetite for concentrates," Targhetta said, adding that the situation had worsened since a benchmark smelter deal was set for 2008.
The fees -- treatment and refinement charges (TC/RCs) -- for 2008 were set at $45 per tonne to smelt ore into copper anode and 4.5 cents a pound to refine that material into metal.
Traders say this is below the cash cost for many smelters.
"It is not a gold mine to own a copper smelter in the current conditions," the European copper producer said.
Despite the concentrates shortage and the negative impact on revenues of a falling dollar, sulphuric acid prices are helpful.
As a rule of thumb copper smelters produce around three tonnes of sulphuric acid for every tonne of copper, depending on the quality of the concentrates and the sulphuric acid capacity.
"The sulphuric acid price is around 80-100 euros in Europe -- it has roughly doubled since last year," said CRU's Meilton.
The boom in mines using acid in leaching to produce metal has fuelled prices and helped smelters' net income.
Some 40 percent of Atlantic Copper's sales of sulphuric acid are either on spot or short-term contracts and the income from acid sales accounted for nearly one quarter of total revenues.
"It is a wonderful relief," Targhetta said.
I like the idea of a jade mine, would be nice I was reading that most jade is found as bolders in rivers and washes. Looking at the past in prices it looks like pennys to me before I buy in I'll have to read up a hole lot more brfore I buy. good trading to you.
I sent a e-mail to bob, I have not heard back from him I did ask about the time line of the plant coming on line what foundation work had been completed and any othrs news that he could pass on to me. I need to set some time aside to call him so I can speak directly to him I guess. Good trading to you.
AURELIO CONTINUES TO EXPAND MINERAL HOLDINGS IN THE TURQUOISE MINING DISTRICT OF ARIZONA
LITTLETON, COLORADO, March 26, 2008 News Release #08-07
Aurelio Resource Corporation (OTCBB : AULO, Frankfurt : F3RA) is pleased to announce that the Company's wholly-owned subsidiary, Bolsa Resources, Inc. ("Bolsa Resources"), has entered into an agreement to acquire 20 patented mining claims (the "Viewsites claims") in the Turquoise Mining District of Cochise County, Arizona. Also, Bolsa expects to close the mineral lease and option agreement with the Rae family (the "Rae Acquisition") in early April 2008. The Rae Acquisition was previously announced on August 15, 2007 (see News Release #07-14), but was contingent upon a survey which has recently been completed.
The Viewsites patented claims are located to the west and southwest of the MAN Area that is part of the Company's wholly-owned Hill Copper-Zinc Project. These claims encompass an estimated 363 acres (survey pending) and incorporate projected extensions of copper-zinc-silver-gold sulfide mineralization as well as of the leachable oxide copper and chalcocite copper deposits overlying the MAN Area sulfide zone.
Bolsa Resources will acquire the Viewsites claims with staged payments totaling $950,000 over thirty months. Closing is scheduled to occur by August 1, 2008 following completion of a detailed survey of the 20 patented mining claims.
The Rae Acquisition includes 13 patented mining claims on 213 acres, many located on the northern portion of the MAN Area plus an additional 292 acres of surface and mineral rights located to the east of the MAN Area. As part of the transaction, the Company has also acquired approximately 744 acres of surface rights covering most of the MAN Area and includes 412 acres to the west. The acquisition incorporates projected extensions along strike of copper-zinc-silver-gold sulfide mineralization.
There is no production royalty payable on production from any land acquired in these transactions, nor were any fees or commissions paid in relation to the transactions.
These acquisitions significantly expand Aurelio's property ownership in the district, and provide the Company with an opportunity to aggressively increase its resource base through further exploration and reserve delineation drilling.
Upon the completion of these transactions, the Company will control a total of 184 patented and unpatented mining claims, six Arizona State Mineral Exploration Permits and more than 2000 acres of surface rights within the Turquoise Mining District, with a total land position in excess of 5,400 acres. The Company's land position will encompass an area approximately six miles long and over one mile wide that incorporates a number of past-producing, high-grade copper-gold-silver-zinc mines.
About The Company
Aurelio Resource Corporation is a mineral exploration company focused on fast-track development of its wholly-owned Hill Copper-Zinc Project, which the Company believes contains a number of low-cost, bulk-tonnage, open-pit-mineable deposits close to surface containing significant amounts of copper, zinc, silver and gold. The Company has previously announced an independent estimate of the mineralized material at the MAN Area of the Project totaling 63.8 million tons at an average grade of 0.56% copper-equivalent. Aurelio has also acquired the rights to explore, and an option to purchase, the Gavilanes gold porphyry deposit in Durango, Mexico.
On behalf of the Board of Directors of Aurelio Resource Corporation
/R E P E A T -- Silverado's Initial Underground Exploration
Assay Results Show High Gold and Antimony Grades Comparable to Many of Today's Producing Mines/
VANCOUVER, March 24 /CNW/ - Silverado Gold Mines Ltd (Trading Symbols, OTC BB - SLGLF, FRANKFURT - SLGL) - Silverado Gold Mines Ltd. announces the second set of strong assay results from its most recent underground exploration at Workman's Bench.
Executive Briefing
------------------
An Executive Briefing may facilitate readers and investors to better understand the significance of recent Silverado assay findings. Silverado Gold Mines Ltd. assay results from samples collected underground from individual quartz and antimony-quartz veins demonstrated gold grades as high as 1.04 toz/ton (35.80 g/ton), in addition to antimony grades up to 64.34%.
"The Silverado assay results are most encouraging," stated Garry L. Anselmo, "and are highly indicative that all of our exploration, drilling and sampling work at Workman's Bench (Nolan Creek, Alaska), has been paying off. Our 2008 Nolan Creek Exploration Plan has recently been completed. Five million dollars financing has been secured to carry out our 2008 Plan. It is important to note that all mine infrastructure is paid up and in place, including all materials, equipment and permits. Our people are preparing to re-commence activities in anticipation of the Arctic Alaska winter to end, which should be sometime in April. All of this has been progressively reported in our Press Releases. If you follow the trend, you will see news shaping up at Silverado."
"Is 2008 The Next Breakout Year For Silverado Gold Mines Ltd.?"
http://www.silverado.com/pressroom/pressreleases/05032008.htm (Mar 5 08)
Silverado's assays also indicate a strong presence of antimony (58.76 - 64.34%). The domestic (U.S.) antimony market is approximately 70,000,000 pounds per year (valued at more than $200,000,000), and is growing at an annual rate of 6.8% per year.
"Silverado Can Supply Growing $200 Million Antimony Market"
http://www.silverado.com/pressroom/pressreleases/09012008.htm (Jan 9 08)
"We are often asked why Silverado is not in actual production yet," continued Mr. Anselmo. "Well, geological, geochemical and geophysical testing has highlighted the most likely and best defined sites to explore. We have carried out selective drilling, and even did underground exploration throughout the wintertime."
"With the assay results, we now know what the potential high yield gold (and antimony) deposits can consist of, and that is exciting. However, it is now critical to determine the nature and width of the mineralized zones below, the width of the veins within them, the access angle we need to use, and, ultimately, what Silverado might expect in terms of the yield per ton of the potential ore bodies themselves. The continued drilling and sampling will direct our next stage Production Plan."
Mr. Anselmo concluded, "The results would also allow our own Certified Professional Geologist, in conjunction with third party professional mining consultants, to estimate gold and antimony reserves, and their dollar value. This would be based on estimated ore body size and grade."
The balance of this Press Release was prepared by Dr. Karsten Eden, Certified Professional Geologist; who is a qualified person as defined under the standards of Canadian National Instrument policy 43-101. Only the balance of this Press Release can be considered certified.
<<
All Assay Results from Underground Exploration Program at Workman's
Bench Disclosed - Gold Grades as high as 1.04 toz/ton, and Antimony
Grades up to 64.34% in Tunnel A and as high as 0.7 toz of Gold/ton
and 58.76% Antimony in Tunnel C
>>
Silverado Gold Mines announced today that it has received all assays from its first phase underground exploration program on Workman's Bench. Workman's Bench is the company's prime exploration target for a lode gold and antimony deposit in the southwestern part of the extensive Solomon Shear Zone. Underground sampling has disclosed high grade gold and antimony mineralization. Gold and antimony values from samples collected from individual veins in Tunnel A assayed as high as 1.04 troy ounces gold per ton (35.8 g/t Au) and 64.34% antimony (see http://www.silverado.com/i/pdf/Figure-1.pdf). Samples collected from individual veins in Tunnel C assayed as high as 0.7 troy ounces gold per ton (24 g/t Au) and 58.76% antimony (see Table 1).
During winter 2007/08, Silverado Gold Mines drove an exploration tunnel into the Workman's Bench mineralized zones to intersect the gold bearing antimony- quartz vein systems. During this first phase underground exploration program, numerous quartz and antimony-quartz veins were exposed. To date three main mineralized zones have been identified through the correlations between the underground observations with the drill intercepts from the 2007 Workman's Bench drilling program (see http://www.silverado.com/i/pdf/Figure-1.pdf). The Workman's Bench mineralized zones have been confirmed over a strike length of 600 feet. They are well defined and contain antimony and gold bearing veins each of which are generally larger in width (up to one foot) than at the other drilled gold and antimony prospects (the Hillside and Pringle Bench) within the Solomon Shear Zone. This is not only evidenced by drilling, but also by underground and surface observations. The gold and antimony mineralized zones at Workman's Bench are open laterally and at depth.
A total of 28 samples from quartz and antimony-quartz veins exposed in the mineralized zones underground were collected at 12 sample locations (see http://www.silverado.com/i/pdf/Figure-1.pdf) and were sent to ALS Chemex in Fairbanks for analysis.
<<
Table 1: All Gold and Antimony values for samples collected at sample
locations 1 to 12.
-------------------------------------------------------------------------
Sample
Location Sample Number Gold (g/t) Gold (toz/ton) Antimony (%)
-------------------------------------------------------------------------
1 WBUG1 S1 0.24 0.007 46.69
-------------------------------------------------------------------------
1 WBUG1 S2 0.03 0.001 64.34
-------------------------------------------------------------------------
2 WBUG2 S1 0.26 0.008 5.67
-------------------------------------------------------------------------
3 WBUG3 S1 23.30 0.680 52.10
-------------------------------------------------------------------------
3 WBUG3 S2 11.35 0.331 57.89
-------------------------------------------------------------------------
3 WBUG3 S3 1.07 0.031 6.09
-------------------------------------------------------------------------
3 WBUG3 S4 15.55 0.454 55.71
-------------------------------------------------------------------------
3 WBUG3 S5 15.30 0.446 1.11
-------------------------------------------------------------------------
4 WBUG4 S1 0.44 0.013 32.52
-------------------------------------------------------------------------
4 WBUG4 S2 0.72 0.021 0.10
-------------------------------------------------------------------------
5 WBUG5 S1 1.81 0.053 21.02
-------------------------------------------------------------------------
5 WBUG5 S2 35.80 1.044 50.04
-------------------------------------------------------------------------
5 WBUG5 S3 1.09 0.032 13.38
-------------------------------------------------------------------------
6 WBUG6 S1 1.57 0.046 0.30
-------------------------------------------------------------------------
6 WBUG6 S2 0.54 0.016 0.08
-------------------------------------------------------------------------
7 WBUG7 S1 0.06 0.002 43.94
-------------------------------------------------------------------------
8 WBUG8 S1 12.40 0.362 57.52
-------------------------------------------------------------------------
8 WBUG8 S2 5.03 0.147 58.76
-------------------------------------------------------------------------
8 WBUG8 S3 24.00 0.700 58.02
-------------------------------------------------------------------------
9 WBUG9 S1 2.92 0.085 33.92
-------------------------------------------------------------------------
9 WBUG9 S2 4.47 0.130 17.34
-------------------------------------------------------------------------
9 WBUG9 S3 3.23 0.094 8.74
-------------------------------------------------------------------------
9 WBUG9 S4 17.75 0.518 7.34
-------------------------------------------------------------------------
9 WBUG9 S5 1.78 0.052 0.04
-------------------------------------------------------------------------
10 WBUG10 S1 2.26 0.066 1.36
-------------------------------------------------------------------------
11 WBUG11 S1 1.56 0.046 0.03
-------------------------------------------------------------------------
12 WBUG12 S1 4.89 0.143 0.02
-------------------------------------------------------------------------
12 WBUG12 S2 4.45 0.130 0.01
-------------------------------------------------------------------------
>>
Gold and antimony values from samples collected from individual veins at various points between sample locations 1 to 12 assayed as high as 1.04 troy ounces gold per ton (35.8 g/t Au) and 64.34% antimony. These assays confirm that high grade gold and antimony mineralization occurs in the Workman's Bench mineralized zones. Silverado Gold Mines plans to conduct a channel sampling program in April 2008 in the existing exploration tunnels, where defined channel samples will be cut across the mineralized zones. In addition, the company intends to undertake a mineralogical sampling campaign to obtain a better understanding of the metallurgical characteristics of the gold and antimony ores of the Workman's Bench area.
Workman's Bench is part of the Solomon Shear Zone that contains NE striking gold-antimony-quartz vein systems. These vein systems occur not only on Workman's Bench, but also across Smith Creek to Pringle Bench, further up on the Hillside, and have also been located north of Smith Creek Dome.
The NE striking gold-antimony-quartz-vein system represents the borderline between mesothermal (medium temperature) and epithermal (low temperature) mineralization. Several authors place the gold-antimony quartz vein systems in the southern Brooks Range in the lower temperature part of the mesothermal vein type deposit system.
Silverado Gold Mines is planning an extensive drilling program at Workman's Bench to define the gold and antimony mineralization at depth over a strike length of 1,500 feet from Smith Creek, down to the Nolan landing strip. Once this program is completed, drilling will continue on Pringle Bench. The drilling program at Pringle Bench will be designed to intersect the gold and antimony mineralized zones at the Workman's Bench level. The gold and antimony mineralized zones at Workman's Bench and Pringle Bench are both open laterally and at depth.
Further underground exploration of the Workman's Bench and possibly Pringle Bench will be dependant on current assays combined with the assay data gained from this spring and summer's drilling program as well as full channel samples to be cut in the Workman's Bench mineralized zone.
http://www.bloomberg.com/apps/news?pid=conewsstory&refer=conews&tkr=SLGLF:US&sid=as_P1NpNrOGk
Good morning Mr. XXXXX
Thank you for your inquiry.
I do not know what is keeping the stock price from reflecting the potential assets that Aurelio has identified in the ground as well as the real estate assets that have been tied up. I have heard that stocks such as Aurelio's have been impacted by folks selling to cover their sub-prime losses. I was pleased that Aurelio has not been as impacted as some in the mining/exploration business, in fact, we recently found new investors where others have not.
Please watch for more good news to be coming out soon. As in the past, Aurelio continues to advance in spite of limited financial resources. I owe that to our dedicated and skilled management.
Should you have any additional questions, please do not hesitate to contact me.
Regards,
Diane G. Dudley | Investor Relations
Aurelio Resource Corporation
5554 S. Prince Street, Suite 200 | Littleton, CO 80120
Direct Line: 303-945-7273 | Fax: 303-945-7270 | Toll Free: 1-800-803-1371
Email: dianed@aurelioresource.com | Web site: www.aurelioresource.com
I think that SLGLF has been mainly a placer mine and that has held back investors, now that they have found where the gold is comeing from along with othe minerals we should see more intrest in holding stocks in this mine.
mwright45 would you be interested in being a assistent on here?
it is on the high side.
http://www.bloomberg.com/apps/news?pid=conewsstory&refer=conews&tkr=SLGLF:US&sid=aLDOkI8_6pFQ
Silverado's Initial Underground Exploration Assay Results Show
High Gold and Antimony Grades Comparable to Many of Today's Producing Mines
VANCOUVER, March 24 /CNW/ - Silverado Gold Mines Ltd (Trading Symbols, OTC BB - SLGLF, FRANKFURT - SLGL) - Silverado Gold Mines Ltd. announces the second set of strong assay results from its most recent underground exploration at Workman's Bench.
Executive Briefing
------------------
An Executive Briefing may facilitate readers and investors to better understand the significance of recent Silverado assay findings. Silverado Gold Mines Ltd. assay results from samples collected underground from individual quartz and antimony-quartz veins demonstrated gold grades as high as 1.04 toz/ton (35.80 g/ton), in addition to antimony grades up to 64.34%.
"The Silverado assay results are most encouraging," stated Garry L. Anselmo, "and are highly indicative that all of our exploration, drilling and sampling work at Workman's Bench (Nolan Creek, Alaska), has been paying off. Our 2008 Nolan Creek Exploration Plan has recently been completed. Five million dollars financing has been secured to carry out our 2008 Plan. It is important to note that all mine infrastructure is paid up and in place, including all materials, equipment and permits. Our people are preparing to re-commence activities in anticipation of the Arctic Alaska winter to end, which should be sometime in April. All of this has been progressively reported in our Press Releases. If you follow the trend, you will see news shaping up at Silverado."
"Is 2008 The Next Breakout Year For Silverado Gold Mines Ltd.?"
http://www.silverado.com/pressroom/pressreleases/05032008.htm (Mar 5 08)
Silverado's assays also indicate a strong presence of antimony (58.76 - 64.34%). The domestic (U.S.) antimony market is approximately 70,000,000 pounds per year (valued at more than $200,000,000), and is growing at an annual rate of 6.8% per year.
"Silverado Can Supply Growing $200 Million Antimony Market"
http://www.silverado.com/pressroom/pressreleases/09012008.htm (Jan 9 08)
"We are often asked why Silverado is not in actual production yet," continued Mr. Anselmo. "Well, geological, geochemical and geophysical testing has highlighted the most likely and best defined sites to explore. We have carried out selective drilling, and even did underground exploration throughout the wintertime."
"With the assay results, we now know what the potential high yield gold (and antimony) deposits can consist of, and that is exciting. However, it is now critical to determine the nature and width of the mineralized zones below, the width of the veins within them, the access angle we need to use, and, ultimately, what Silverado might expect in terms of the yield per ton of the potential ore bodies themselves. The continued drilling and sampling will direct our next stage Production Plan."
Mr. Anselmo concluded, "The results would also allow our own Certified Professional Geologist, in conjunction with third party professional mining consultants, to estimate gold and antimony reserves, and their dollar value. This would be based on estimated ore body size and grade."
The balance of this Press Release was prepared by Dr. Karsten Eden, Certified Professional Geologist; who is a qualified person as defined under the standards of Canadian National Instrument policy 43-101. Only the balance of this Press Release can be considered certified.
<<
All Assay Results from Underground Exploration Program at Workman's
Bench Disclosed - Gold Grades as high as 1.04 toz/ton, and Antimony
Grades up to 64.34% in Tunnel A and as high as 0.7 toz of Gold/ton
and 58.76% Antimony in Tunnel C
>>
Silverado Gold Mines announced today that it has received all assays from its first phase underground exploration program on Workman's Bench. Workman's Bench is the company's prime exploration target for a lode gold and antimony deposit in the southwestern part of the extensive Solomon Shear Zone. Underground sampling has disclosed high grade gold and antimony mineralization. Gold and antimony values from samples collected from individual veins in Tunnel A assayed as high as 1.04 troy ounces gold per ton (35.8 g/t Au) and 64.34% antimony (see http://www.silverado.com/i/pdf/Figure-1.pdf). Samples collected from individual veins in Tunnel C assayed as high as 0.7 troy ounces gold per ton (24 g/t Au) and 58.76% antimony (see Table 1).
During winter 2007/08, Silverado Gold Mines drove an exploration tunnel into the Workman's Bench mineralized zones to intersect the gold bearing antimony- quartz vein systems. During this first phase underground exploration program, numerous quartz and antimony-quartz veins were exposed. To date three main mineralized zones have been identified through the correlations between the underground observations with the drill intercepts from the 2007 Workman's Bench drilling program (see http://www.silverado.com/i/pdf/Figure-1.pdf). The Workman's Bench mineralized zones have been confirmed over a strike length of 600 feet. They are well defined and contain antimony and gold bearing veins each of which are generally larger in width (up to one foot) than at the other drilled gold and antimony prospects (the Hillside and Pringle Bench) within the Solomon Shear Zone. This is not only evidenced by drilling, but also by underground and surface observations. The gold and antimony mineralized zones at Workman's Bench are open laterally and at depth.
A total of 28 samples from quartz and antimony-quartz veins exposed in the mineralized zones underground were collected at 12 sample locations (see http://www.silverado.com/i/pdf/Figure-1.pdf) and were sent to ALS Chemex in Fairbanks for analysis.
<<
Table 1: All Gold and Antimony values for samples collected at sample
locations 1 to 12.
-------------------------------------------------------------------------
Sample
Location Sample Number Gold (g/t) Gold (toz/ton) Antimony (%)
-------------------------------------------------------------------------
1 WBUG1 S1 0.24 0.007 46.69
-------------------------------------------------------------------------
1 WBUG1 S2 0.03 0.001 64.34
-------------------------------------------------------------------------
2 WBUG2 S1 0.26 0.008 5.67
-------------------------------------------------------------------------
3 WBUG3 S1 23.30 0.680 52.10
-------------------------------------------------------------------------
3 WBUG3 S2 11.35 0.331 57.89
-------------------------------------------------------------------------
3 WBUG3 S3 1.07 0.031 6.09
-------------------------------------------------------------------------
3 WBUG3 S4 15.55 0.454 55.71
-------------------------------------------------------------------------
3 WBUG3 S5 15.30 0.446 1.11
-------------------------------------------------------------------------
4 WBUG4 S1 0.44 0.013 32.52
-------------------------------------------------------------------------
4 WBUG4 S2 0.72 0.021 0.10
-------------------------------------------------------------------------
5 WBUG5 S1 1.81 0.053 21.02
-------------------------------------------------------------------------
5 WBUG5 S2 35.80 1.044 50.04
-------------------------------------------------------------------------
5 WBUG5 S3 1.09 0.032 13.38
-------------------------------------------------------------------------
6 WBUG6 S1 1.57 0.046 0.30
-------------------------------------------------------------------------
6 WBUG6 S2 0.54 0.016 0.08
-------------------------------------------------------------------------
7 WBUG7 S1 0.06 0.002 43.94
-------------------------------------------------------------------------
8 WBUG8 S1 12.40 0.362 57.52
-------------------------------------------------------------------------
8 WBUG8 S2 5.03 0.147 58.76
-------------------------------------------------------------------------
8 WBUG8 S3 24.00 0.700 58.02
-------------------------------------------------------------------------
9 WBUG9 S1 2.92 0.085 33.92
-------------------------------------------------------------------------
9 WBUG9 S2 4.47 0.130 17.34
-------------------------------------------------------------------------
9 WBUG9 S3 3.23 0.094 8.74
-------------------------------------------------------------------------
9 WBUG9 S4 17.75 0.518 7.34
-------------------------------------------------------------------------
9 WBUG9 S5 1.78 0.052 0.04
-------------------------------------------------------------------------
10 WBUG10 S1 2.26 0.066 1.36
-------------------------------------------------------------------------
11 WBUG11 S1 1.56 0.046 0.03
-------------------------------------------------------------------------
12 WBUG12 S1 4.89 0.143 0.02
-------------------------------------------------------------------------
12 WBUG12 S2 4.45 0.130 0.01
-------------------------------------------------------------------------
>>
Gold and antimony values from samples collected from individual veins at various points between sample locations 1 to 12 assayed as high as 1.04 troy ounces gold per ton (35.8 g/t Au) and 64.34% antimony. These assays confirm that high grade gold and antimony mineralization occurs in the Workman's Bench mineralized zones. Silverado Gold Mines plans to conduct a channel sampling program in April 2008 in the existing exploration tunnels, where defined channel samples will be cut across the mineralized zones. In addition, the company intends to undertake a mineralogical sampling campaign to obtain a better understanding of the metallurgical characteristics of the gold and antimony ores of the Workman's Bench area.
Workman's Bench is part of the Solomon Shear Zone that contains NE striking gold-antimony-quartz vein systems. These vein systems occur not only on Workman's Bench, but also across Smith Creek to Pringle Bench, further up on the Hillside, and have also been located north of Smith Creek Dome.
The NE striking gold-antimony-quartz-vein system represents the borderline between mesothermal (medium temperature) and epithermal (low temperature) mineralization. Several authors place the gold-antimony quartz vein systems in the southern Brooks Range in the lower temperature part of the mesothermal vein type deposit system.
Silverado Gold Mines is planning an extensive drilling program at Workman's Bench to define the gold and antimony mineralization at depth over a strike length of 1,500 feet from Smith Creek, down to the Nolan landing strip. Once this program is completed, drilling will continue on Pringle Bench. The drilling program at Pringle Bench will be designed to intersect the gold and antimony mineralized zones at the Workman's Bench level. The gold and antimony mineralized zones at Workman's Bench and Pringle Bench are both open laterally and at depth.
Further underground exploration of the Workman's Bench and possibly Pringle Bench will be dependant on current assays combined with the assay data gained from this spring and summer's drilling program as well as full channel samples to be cut in the Workman's Bench mineralized zone.
Contact Information - Silverado Gold Mines Ltd.
-----------------------------------------------
Silverado is an international company focused on gold exploration, and a new environmentally friendly Fuel Technology. Silverado has gold properties located throughout Alaska which include the 100% owned Nolan Placer Gold Mine. Trading Symbols - OTC BB - SLGLF, FRANKFURT - SLGL. Silverado Gold Mines Ltd. www.silverado.com
To learn more about Silverado Green Fuel Inc. and watch the Green Fuel
Video, visit: www.silveradogreenfuel.com
More Information? http://www.silverado.com/investors/request/
This Press Release may contain, in addition to historical information, forward- looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements are based on management's expectations and beliefs, and involve risks and uncertainties. These statements may involve known and unknown risks and uncertainties and other factors that may cause the actual results to be materially different from the results implied herein. Readers are cautioned not to place undue reliance on the forward-looking statements made in this Press Release.
For further information: Suite 1820 - 1111 West Georgia Street, Vancouver, British Columbia, Canada V6E 4M3, Telephone: (604) 689-1535, Facsimile: (604) 682-3519; Investor Relations: E-mail: ir@silverado.com; Media & Public Relations: E-mail: jay@silverado.com, Toll Free: 1-800-665-4646 (Canada and USA only)
CO: Silverado Gold Mines Ltd. ST: British Columbia NI: MNG NASDAQ -0- Mar/24/2008 14:34 GMT
Last Updated: March 24, 2008 10
I remenber reading that the air force has talked to SLGLF and has agreed to buy green fuel if the test plant provess its self and they can turn out the fuel in a timely manner
SILVERADO'S TWO HOT SECTORS, GOLD AND ENERGY, FUEL CHINA INVESTOR INTEREST
MARCH 20, 2008 - Fairbanks , Alaska, USA - Vancouver, BC, Canada
SILVERADO - OTCBB: SLGLF / Frankfurt : SLGL / Berlin : SLGL
March 19, 2008, (Vancouver, Canada) Silverado Gold Mines Ltd (Trading Symbols, OTC BB - SLGLF, FRANKFURT - SLGL), and its wholly owned subsidiary, Silverado Green Fuel Inc., is pleased with the progress on its newly launched China investor attraction beta test initiative.
The launch of Silverado's new China language corporate website (www.silverado.hk) has started to receive some attention from China, Hong Kong, Singapore and Macao based stock market brokers, investment dealers and financial institutions.
Silverado's China initiative contractor, Synergy Management Group Ltd. (www.synergy1.ca), reports that the campaign includes advertising in China's leading investment and securities newspaper, and building awareness about Silverado, and the company's Chinese website. Even more importantly, Synergy's China-based associates are involved in presentations to, and meetings with personal contacts within the investment / investor community. This personal networking, called 'guanxi', is the basis for succeeding in China. 'Guanxi' is the cornerstone of Silverado's China test program to attract a new base of Asia-based stock market players, known for their interest in highly liquid and affordably priced, undervalued microcap stocks.
"Silverado recognizes that this China initiative is a process, and we are prepared to allow it to develop and take hold, as the program unfolds", stated Garry L. Anselmo, President and CEO of Silverado, and added, "We are pleased with the progress, and will look for some solid payback in the near future."
Silverado Opens Second China Investor Attraction Front
The North American-based Chinese investor community is a vibrant, proactive group. The Chinese-speaking population of North America represents approximately 5 million people.
Silverado is pleased to announce a six month initial agreement signed with NAI Interactive Ltd., a subsidiary of ChineseWorldNet.com Inc. "NAI has worked with over 300 public companies and successfully increased their company's overall value, including market value (by up to 300%), providing a bridge between public companies and North American Chinese investors." (www.naiinteractive.com).
Silverado will be a Feature Company on the NAI investor network, investor databases and search engines, throughout the U.S. and Canada. Silverado will also be represented in NAI's conferences throughout North America, and in NAI's Mining Investment Directory.
I have been on the side lines for the time being. it looks like it time to get my feet wet again buy some and see what happens and then buy some more
so you would take a long position in this today? The dollar has not finished falling yet. JMO
http://futures.tradingcharts.com/javachart.php?cbase=US&market=DX&cterm=68
sit tight just my opion this is a good loking company it should start heading the other way soon, they have all they need to make a good mine company just need to fire it up, this is where patience is needed.